About Woolly
Woolly is a company based in Bengaluru (India) founded in 2016 by Nithun K V and Satyendra Prabhu. Woolly has raised $767.98 thousand across 2 funding rounds from investors including Mumbai Angels, Lepton Software and Konglo Ventures. The company has 8 employees as of April 08, 2024. Woolly operates in a competitive market with competitors including Eeki, LandCraft Retail, Nutrifresh, Simply Fresh and UrbanKisaan, among others.
- Headquarter Bengaluru, India
- Employees 8 as on 08 Apr, 2024
- Founders Nithun K V, Satyendra Prabhu
- Stage Minicorn
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Sectors
Agriculture
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Email
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Phone
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Website
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Social
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- Legal Name Woolly Farms Private Limited
- Date of Incorporation 15 Sep, 2017
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$235.9 K (USD)-15.17as on Mar 31, 2023
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Net Profit
-$423.31 K (USD)-168.54as on Mar 31, 2023
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EBITDA
-$410.57 K (USD)-174.17as on Mar 31, 2023
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Total Equity Funding
$767.98 K (USD)
in 2 rounds
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Latest Funding Round
$578.76 K (USD), Seed
Apr 03, 2022
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Investors
Mumbai Angels
& 56 more
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Employee Count
8
as on Apr 08, 2024
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Funding Insights of Woolly
Woolly has successfully raised a total of $767.98K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $578.76 thousand completed in April 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Woolly
Woolly has secured backing from 57 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Mumbai Angels, Lepton Software and Konglo Ventures.
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Early-stage venture investments are facilitated by Mumbai Angels network.
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Venture capital firm focused on multiple sectors
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Investments are directed by Bugle Rock Ventures toward multiple sectors.
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Investor details for Woolly
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Investments & Acquisitions by Woolly
Investment portfolio details for Woolly
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Financial Statements - Woolly
Detailed financials for Woolly
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Woolly Comparisons
Peer comparison for Woolly
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Competitors of Woolly
Woolly operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Eeki, LandCraft Retail, Nutrifresh, Simply Fresh and UrbanKisaan, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Provider of hydroponics-based farming solutions
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Tech-based solutions for indoor farming and resource management are provided.
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Hydroponically-grown produce is supplied via controlled environment agriculture.
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Hydroponically grown produce is cultivated using advanced technologies.
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Urban farming solutions are offered by UrbanKisaan for city dwellers.
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IoT-based automation solutions are delivered for controlled environment agriculture.
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Detailed competitors of Woolly
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Latest news on Woolly
Complete news archive for Woolly
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Frequently Asked Questions about Woolly
Woolly was founded in 2016 and raised its 1st funding round 5 years after it was founded.
Woolly is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Nithun K V is the current CEO of Woolly. They have also founded this company.
Woolly is a funded company, having raised a total of $767.98K across 2 funding rounds to date.
As of Apr 08, 2024, the latest employee count at Woolly is 8.
Annual revenue of Woolly is $235.9K as on Mar 31, 2023.
Woolly was founded in 2016 in Bengaluru, India, as a producer and supplier in the hydroponics sector. Operations are conducted on a farm equipped with IoT sensors for environmental monitoring. Computer vision and deep learning are applied to track plant growth and analyze production. Products such as amaranth, lettuce, spinach, and palak are delivered to consumers, retail stores, and food businesses.
Woolly's top competitors include Eeki, Nutrifresh and LandCraft Retail.
Woolly has 57 investors. Key investors include Mumbai Angels, Lepton Software, Konglo Ventures, Safeagritrade, and Callapina.
The valuation of Woolly is $4.2M as of Apr 2022.